Spot Bitcoin ETFs in the US have completed their second consecutive week with net capital inflows. During the reporting period (July 13–17), the funds attracted $75.67 million, solidifying a trend reversal after eight weeks of continuous outflows.
The turning point emerged in the previous week (July 6–10), when ETFs turned positive for the first time in a long while, gaining $197.4 million. Now, the positive momentum has continued, albeit with a smaller amplitude. It is important to note that prior to this, investors had been withdrawing funds from Bitcoin funds for eight consecutive weeks, with outflow volumes sometimes exceeding $1.5 billion per week.
Daily Picture: One Negative Day Amid Steady Growth
Within the week, the dynamics were uneven. The only day with outflows occurred on July 13, when the funds lost $424.66 million. However, the very next day, July 14, inflows amounted to $181.08 million, and on July 15, another $107.8 million. The trend continued at the end of the week: on July 16, funds attracted $79.15 million, and on July 17, $132.3 million.
Thus, the total inflows over four days more than offset the single negative day. As a result, the net inflow for the week was $75.67 million, and the total assets under management of spot Bitcoin ETFs reached $51.35 billion.
Ether and XRP Outpace Bitcoin in Inflows
Interestingly, inflows were not limited to Bitcoin. Spot Ethereum ETFs attracted $105.44 million over the same week, even exceeding the figure for Bitcoin funds. This indicates growing institutional interest in altcoins, especially amid expectations of approval for spot ETFs on ETH.
Additionally, notable inflows were recorded in XRP funds — $6.78 million. However, Solana ETFs showed modest figures of $948,210. Not all assets were in positive territory: funds for the HYPE token lost $7.26 million over the week. Other crypto products showed zero flows.
My analysis: Sustained inflows into Bitcoin ETFs after a prolonged period of outflows are a bullish signal, especially against the backdrop of simultaneous growing interest in Ethereum. However, investors should remember that the market remains sensitive to macroeconomic factors, and the current trend may be fragile. Keep an eye on volumes: if inflows persist for another 2–3 weeks, it will become a serious confirmation of a reversal.